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The Financial Adviser Standards and Ethics Authority has passed a key milestone, opening up adviser exam registration and sitting dates along with a curriculum guide and practice questions.
Financial firms which receive adverse comments on social media such as Twitter will be required to recognise them as legitimate complaints under the Australian Securities and Investment Commission’s proposed changes to internal dispute resolution processes.
Even though the Federal Election had already been called, the Senate Economics Legislation Committee has vetoed a One Nation bill which would have ended financial services vertical integration via structural separation.
Got an indifferent planning business with high exposure to grandfathered commissions and less than thorough paperwork? Don’t expect to be rushed by potential buyers.
Some of the major banks may have exited their wealth businesses but that has just meant that bank staff are now promoting the financial services products of the companies with which the banks have referral relationships, according to the Finance Sector Union.
